Red Lobster

Winston Salem, North Carolina

NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1690 Westbrook Plaza Dr., Winston-Salem, NC 27103. The site consists
of roughly 8,292 rentable square feet of building space on an estimated
2.49-acre parcel of land. This Red Lobster is subject to a 25-year Triple Net
(NNN) lease, which commenced 12/23/2014. The current annual rent is
$417,893 and has scheduled increases of 2.00% Annually.

Investment Highlights:

Strong Rental Increases | 2.00% Annually In Base Term and Options
Long Term NNN Lease | Original 25 Year Lease With Approximately 15.4 Years Remaining
Affluent Community | Average Household Income within a Five-Mile Radius Exceeds $78,000

Key Details

Price:: $5,969,900
Cap Rate:: 7.00%
Annual Rent:: $417,893
Address:: 1690 Westbrook Plaza Dr, Winston Salem, North Carolina 27103
Property Type:: Restaurant - Casual Dining
Lease Type:: Triple Net (NNN)

Original Lease Term:: 25
Lease Commencement:: 12/23/2014
Lease Expiration:: 7/31/2039
Rental Increases:: 2.00% Annually
Lot Size:: 2.49 Acres
Building Size:: 8,292 SF
Year Built:: 1998
Tenant:: Red Lobster

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-North Carolina, Inc

License: 298998

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